Kinder Morgan will buy the natural gas pipeline portfolio of NextEra Energy Partners in Texas, paying $1.82 billion for the assets. The pipeline network has a throughput capacity of 4.9 billion cu ft daily, Kinder Morgan said in a news release about the deal. The company added that the pipeline assets were “highly contracted”, with the average length of contract at eight years and that 75% of the capacity was subject to take-or-pay contracts. The pipelines are used to send gas to Mexico as well as to oil producers in Southern Texas.…
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